Internet TV network Netflix late Wednesday missed its own forecast for third-quarter subscriber additions and gave a fourth-quarter earnings outlook well below Wall Street’s estimates. Investors changed the channel and dumped Netflix (NFLX) in after-hours trading, with the stock off 26% to 334. It ended the regular session down 53 cents to 448.80. Netflix earned 96 cents a share in Q3, 3 cents ahead of consensus estimates and up
No. 1 chipmaker Intel late Tuesday posted Q3 earnings and revenue that edged analyst views on a second straight quarter of solid gains for its PC unit, easing concerns of an industry downturn. Intel’s (INTC) revenue guidance for the current quarter of $14.7 billion, plus or minus $500 million, also beat views at the midpoint, with analysts polled by Thomson Reuters expecting $14.48 billion. The $14.7 billion would be up 7.5%
If SpaceX delivers on its plan to send astronauts into space for nearly 40% less than Boeing can, NASA could reap even bigger cost savings as the upstart company challenges decades-old practices in the industry. Under the contracts announced last month, Boeing (BA) could get up to $4.2 billion to ferry passengers to the International Space Station (ISS), while SpaceX will get up to $2.6 billion for the same requirements. SpaceX